Thursday, May 17, 2018

Bitcoin Cash failed to crack above $1,400 earlier today. Instead, the coin declined below $1,300, now trading at around $1,250. A major resistance level has been established at $1,290. A decline toward $1,200 could still happen in the short term as the BCH/USD moving averages are trending downward. BCH/USD Dips Below $1,300 On Crypto Selloff

On Wednesday, Bitcoin Cash failed to move above $1,400 but instead fell sharply below the $1,300 price level. The price dip was so steep that it even broke the 76.4% Fib retracement level.